TikTok confirms layoffs in Malaysia amid global workforce reduction
The short video platform says it expects ‘several hundred people’ will be impacted globally.
Read More: https://www.freemalaysiatoday.com/category/nation/2024/10/11/tiktok-confirms-layoffs-in-malaysia-amid-global-workforce-reduction/
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Read More: https://www.freemalaysiatoday.com/category/nation/2024/10/11/tiktok-confirms-layoffs-in-malaysia-amid-global-workforce-reduction/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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NewsTranscript
00:00TikTok has confirmed reports of layoffs in Malaysia as part of a global workforce reduction.
00:08The company said several hundred people will be impacted globally by the layoffs.
00:13A spokesman from TikTok said the decision aligns with the company's ongoing efforts
00:17to enhance its content moderation capabilities.
00:20They said 80% of TikTok's violative content has been removed by automated technologies,
00:26while the company is expected to invest US$2 billion in trust and safety this year.
00:32Reuters reported today that TikTok's Malaysia branch had terminated more than 700 employees,
00:38with most of them working in content moderation.
00:41In May, CNN reported that TikTok was planning to reduce a significant portion of its global
00:46operations and marketing workforce.
00:50In June, Bloomberg reported that TikTok's parent company, ByteDance, laid off 450 staff
00:56at its Indonesian unit.